Friday Fuel-Up: $4.40s Now, $4.00 Soon

The average price of a gallon of self-serve regular gasoline in the Inland Empire fell 3 cents today to $4.542, the largest drop in 11 consecutive days of declines. 

Prices in and around Palm Desert have been seen in the low to mid $4.40s.

The average price in Riverside and San Bernardino counties has dropped
14.6 cents over the past 11 days, including 2.7 cents on Thursday, after rising
52.4 cents over the previous six days to a record high of $4.688, according to
figures from the AAA and Oil Price Information Service.

The average price is 12.1 cents less than one week ago, but 42.4 cents
more than one month ago and 68.7 cents higher than one year ago.

"Oil industry analysts reported significant drops in the wholesale
market on Wednesday which, if they hold, should bring prices well below $4 a
gallon,'' Jeffrey Spring of the Automobile Club of Southern California said.
"The only question is how quickly that will happen.''

For the lowest reported prices in Palm Desert, click the 'Commute' page under our  'More Stuff' tab at the top of the page.